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London homes popular in Hong Kong

18 December 2013 Last updated at 20:46 GMT

About half of all new build homes in inner London are now sold to foreign investors, according to a leading economic research group.

But are these cash-rich and chain-free buyers pushing up property prices in the capital?

The BBC's Mark Jordan reports from Hong Kong, where Chinese investors are now buying over a quarter of London's newly built homes.

He spoke to Hoi Cheung from Smart Property Expo, Victoria Allan, an estate agent with Habitat Property Hong Kong, Neil Jensen from Fraser & Co Estate Agents and Gavin Sung, director of sales for Savills Asia.

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